deindustrialisation
dee-in-DUS-tree-uh-luh-ZAY-shun
Definition
The process of social and economic change caused by the reduction or removal of industrial capacity or activity in a region or economy.
Etymology
The word is formed by combining the prefix 'de-' (meaning reversal or removal) with 'industrialization,' which stems from the Latin 'industria' (diligence or activity). It emerged in the mid-20th century to describe the decline of manufacturing in developed nations.
In the news
In this article, the term is used to describe the phenomenon where European industrial output and emissions drop due to business closures, rather than through intentional clean-tech innovation. It highlights the tension between climate goals and the survival of the manufacturing sector.
Explainer-What is the EU’s emissions trading system?
Read the full article ↗Y100 WNCY